Investment Associate, Private Credit

Overview

The investment associate will help originate, analyze, execute and manage investment grade corporate private placements and infrastructure debt investments for our clients.

This role is base in Illinois. 

Responsibilities

• Help filter potential new private credit investments according to value and suitability for our clients based upon fundamental and detailed investment analysis.

• Work closely with private credit investment and credit colleagues in Chicago and London to analyze potential investments; draft investment and credit memos; and to negotiate and execute transactions in line with client requirements to obtain the best value.

• Help pro-actively manage existing investments by reviewing regular reports and managing waivers and approvals according to the relevant procedures. Our approach is to seek to address any issues early on and to update our risk views in real time.

• Help manage key internal and external counterparty and borrower relationships.

• Support the marketing process to new investor clients where required and help market private credit investment solutions to borrowers and other market participants.

• Support the formulation of the broader investment strategy by identifying new sectors that could be appropriate investment targets for our clients.

• Help support the provision of on-going client reporting and contribute to the periodic review of private credit procedures.

Qualifications

• The candidate is likely to have 3+ years’ experience in buy-side debt private placements with experience across multiple sectors in corporate and/or infrastructure debt. Successful candidates may also have experience in a bank credit program and have familiarity with rating agency methodologies.
• The role requires reviewing large numbers of transactions to identify suitable investments that align with our focus on stong relative value and the ability to structure and execute transactions which achieve the required credit rating and value is critical.
• The candidate will need to be organized, focused, and self-motivated with strong communication and analytical skills.
• It is necessary to be able to work with a variety of investment formats and also to be able to structure a transaction entirely in house if required.
• Strong financial modelling skills are an advantage and detailed knowledge of investment documentation is also important.

As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment. (2020)